Australian mining and resources companies have announced significant financing plans on the ASX this week. This comes as Australia’s equity market sees robust activity, with an average daily turnover of $9.8 billion last quarter, a $1.3 billion increase from the previous quarter, according to ASIC. The ASX platform accounts for 81.3% of total equity market product turnover for the quarter ending June 2025. Syrah Resources, a graphite producer focused on its Balama Graphite Operation in Mozambique, entered a forbearance agreement with the US Department of Energy for a US$16 million loan. Syrah Resources is pursuing a A$70 million equity raise via placement and entitlement offer.
Laramide Resources, a uranium explorer with assets in Australia and the US, has upsized its private placement to $12 million, issuing 20 million shares at $0.60 each. The funds will be directed towards expediting late-stage permitting across its US assets. Viridis Mining and Minerals, which focuses on mineral exploration and development, secured $11.5 million through a placement of approximately 12.64 million shares at $0.91 per share. Viridis Mining and Minerals aims to streamline exploration at the Colossus Project, working toward a Definitive Feasibility Study and its Mixed Rare Carbonate demonstration plant.
Resource Mining has established a funding agreement with RiverFort Global Capital, offering an aggregate $5 million for Saudi Arabian acquisitions and exploration in Tanzania and Finland. Strategic Energy Resources secured $2 million across two tranches, issuing 400 million shares to fund the Diamantina Copper-Gold Project acquisition from Anglo American and accelerate drilling programs. Tivan, focused on critical minerals, received a non-binding conditional letter of support from Export Finance Australia, advancing its Speewah Fluorite Project.
